Analysis on the Economic Operation Status of China's Industrial Feed Industry in 2021
In 2020, driven by the continuous recovery of pig production, the high level of poultry stocks, and the booming production and sales of cattle and sheep products, the output of industrial feed across the country will grow rapidly. Cornell's feed product output will be about 50000 tons, and new achievements will be made in high-quality development.
Output value and revenue hit a new high
According to the statistics of China Feed Industry Association, from 2015 to 2018, the total output value and operating revenue of China's industrial feed industry showed a continuous growth trend. In 2018, the total output value and operating revenue of the whole industry were 887.2 billion yuan and 868.9 billion yuan, respectively, up 5.7% and 6.0% compared with the same period last year.
In 2019, affected by the changes in the global economic environment and the swine plague, the total output value of the national feed industry was 808.81 billion yuan, and the operating income was 778.0 billion yuan, both falling. In 2020, with the continuous recovery of pig production and driven by the high level of poultry stocks and the booming production and sales of cattle and sheep products, the scale of the national industrial feed industry reached a new high, with a total output value of 946.33 billion yuan, up 17.0% year on year; The total operating income was 907.28 billion yuan, up 16.6% year on year.
Feed products still dominate
In terms of market segmentation, commercial feed products are still in the leading position in China's industrial feed industry market. In 2020, the output value of feed products in China will be 844.59 billion yuan, accounting for 89.25% of the total industrial output value; The output value of feed additive products is 93.29 billion yuan, accounting for 9.86% of the total output value of the industry; The total output value of feed machinery is 8.45 billion yuan, accounting for 0.89% of the total output value of the whole industry.
From 2014 to 2018, the total output of commercial feed products in China showed an increasing trend. In 2019, the decline of pig feed output led to a sharp decline in the overall output value of feed products, with a total output value of 709.77 billion yuan, a new low in recent years. another
In addition, in terms of market share, the total output value of feed products in China's industrial feed industry continued to decline, from 91.2% in 2015 to 87.8% in 2019. The main reason is that the adjustment of industrial feed product structure in China continued to deepen, which led to the continuous decline of feed product market share.
In 2020, with the recovery of downstream market demand, the output value of feed products in China will rise to 844.59 billion yuan, a year-on-year increase of 17.3%, and the market share of feed products will also rise to 89.2%.
In terms of revenue, the trend of China's feed products' operating revenue kept pace with the trend of output value. From 2015 to 2018, the feed products' operating revenue continued to grow, while in 2019, the overall revenue declined significantly. In 2020, with the market warming up, China's feed products' total revenue quickly resumed its growth momentum, with the annual operating revenue of 813.51 billion yuan, up 16.9% year on year.